By Steven Nicokiris, CPA
MARCH 2010
In the article “Detecting Circular Cash Flow” (Dec. 09, page 26), I found the facts of the case study using Moxie Alloys to be extremely interesting and thought provoking. I thought the authors did a nice job explaining the exposure to a lender as well as the auditor’s risk surrounding accounts receivable (“A/R”), including red flags.
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